About - Group Structure - Trident

About / News

News details

COMPANY ANNOUNCEMENT 29/04/2010

Quote

As announced in the company announcement issued on 5th April 2010, the Board of Directors of Simonds Farsons Cisk plc (the “Issuer” or the “Company”) approved an application to the Listing Authority of the Malta Financial Services Authority requesting the approval for the issue of unsecured bonds of an aggregate principal amount of €15,000,000 redeemable between 15th June 2017 and 15th June 2020 (the “2017-2020 Bonds”).

Subject to the Listing Authority granting approval to the admissibility to listing on the Official List of the Malta Stock Exchange, the Issuer intends to give preference to applications to subscribe for the 2017–2020 Bonds that are received from holders of the Company’s 6.6% Bonds 2010-2012 (the “2010-2012 Bonds”) and who indicate their agreement to settle the consideration for the 2017-2020 bonds by surrendering in the Issuer’s favour part or all of their holding in the 2010-2012 Bonds.

The Issuer also intends to give preference to applications to subscribe for the 2017–2020 Bonds that are received from holders of the company’s ordinary shares listed on the Official List of the Malta Stock Exchange.

The Board of Directors of the Issuer hereby announces that it will consider Thursday 6th  May  2010 to be the cut-off date for the purposes of establishing entitlement to the foregoing preferential treatment. Accordingly holders of the 2010-2012 Bonds and shareholders of the Company who are on the register of bondholders and the register of members respectively on the cut-off date, will be entitled to receive preference in allocation of the 2017-2020 Bonds in terms of the prospectus that is currently subject to approval by the Listing Authority.

The last trading date of the 2010-2012 Bonds will be Monday 3rd May 2010 and trading of this bond will be suspended after Monday 3rd May 2010 until further notice.

Unquote

Arthur Muscat
Company Secretary
29 April 2010